Short Interest in Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Decreases By 90.0%

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 1,100 shares, a drop of 90.0% from the February 28th total of 11,000 shares. Based on an average daily volume of 15,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s stock are short sold.

Amplify Cash Flow Dividend Leaders ETF Price Performance

Shares of NASDAQ:COWS traded down $0.13 during trading on Friday, hitting $28.37. 3,329 shares of the company were exchanged, compared to its average volume of 15,173. The firm’s 50 day moving average price is $29.20 and its 200-day moving average price is $29.74. The stock has a market capitalization of $15.60 million, a P/E ratio of 12.27 and a beta of 1.08. Amplify Cash Flow Dividend Leaders ETF has a 12-month low of $27.15 and a 12-month high of $32.26.

Amplify Cash Flow Dividend Leaders ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were paid a $0.0705 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This is an increase from Amplify Cash Flow Dividend Leaders ETF’s previous dividend of $0.07.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in COWS. Cetera Investment Advisers purchased a new stake in shares of Amplify Cash Flow Dividend Leaders ETF in the fourth quarter valued at about $205,000. Steward Partners Investment Advisory LLC increased its position in Amplify Cash Flow Dividend Leaders ETF by 135.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,925 shares of the company’s stock valued at $381,000 after acquiring an additional 7,440 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Amplify Cash Flow Dividend Leaders ETF by 23.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,284 shares of the company’s stock valued at $481,000 after acquiring an additional 3,042 shares during the last quarter.

Amplify Cash Flow Dividend Leaders ETF Company Profile

The Amplify Cash Flow Dividend Leaders ETF (COWS) is an exchange-traded fund that is based on the Kelly US Cash Flow Dividend Leaders index. The fund is passively managed to invest on US companies with high free cash flow yield and dividend growth. Holdings are weighted based on a modified equal-weight basis COWS was launched on Sep 13, 2023 and is issued by Amplify Investments.